About 82. 8 billion riyals ($22. 1 billion) or 0. 7 percent of the market value was held by the top 10 individual shareholders on the main market of the Saudi stock exchange as of last week.
Through the Dr. Sulaiman Abdul Aziz Al-Habib Company, Sulaiman Abdul Aziz Al-Habib outperformed all other individual owners in terms of market value, with a value of approximately 29. 5 billion riyals ($7. 85 billion), according to an analysis of the reports published in the newspaper Al-Eqtisadiah.
Company Sulaiman Al-Habib Group for Medical Services
After the significant increases in the price of the firm’s shares, Suleiman Abdulaziz Al-ownership Habib’s climbed by more than 320 percent; at the time the company was up for sale in early 2020, his ownership was projected to be worth seven billion riyals.
And thanks to his ownership of the Kingdom Holding, Suleiman Al-Habib has eclipsed Prince Al-Waleed bin Talal, who had previously held the top spot in terms of individual market ownership.
Prince Al-Waleed bin Talal’s shareholding decreased as a result of selling a stake to the Public Investment Fund, reducing his ownership in Kingdom Holding shares to around 27. 1 billion riyals ($7. 23 billion).
Prince Alwaleed bin Talal, the company’s principal shareholder and creator, sold around 625 million shares to the Public Investment Fund in May of last year, for a value of 5.
the time, 68 billion riyals.
Prince Sultan bin Muhammad bin Saud Al Kabeer, who has long had a prominent position, was not included on the list of the top ten individual owners because he founded Sultan Holding Company and transferred all of his personal assets to the business.
Khaled Al-Rajhi, whose holding in Bank Albilad and the Saudi Cement Company totaled 5. 5 billion riyals ($1. 45 billion), came in third.
After that, Nasser Al-Subaie, Suleiman Al-Sulaim, and Muhammad Al-Subaie followed with a market worth of 4. 1 billion riyals apiece thanks to their stake in Al-Mowasat Company.
Seventh place went to Abdul Rahman Al-Rajhi, who owned 3. 5 billion riyals in Bank Albilad, while eighth place went to Hamad Al-Saqri, who owned 2. 4 billion riyals in Fitness Time Company.
In the ninth place, Abdullah Al-Rabiah, with an ownership of 1.
5 billion riyals through his investment in the Savola Group, and in tenth position, Fawaz Al-Hokair, with an ownership stake in Markaz and Al-Hokair enterprises totaling one billion riyals.
About 101 people in the main Saudi market have direct shares worth at least 5% and with a market value of 108.8 billion riyals ($29 billion).
The share of the ten largest individual owners is equivalent to about 76.
4 percent of the total major individual owners, which indicates that the other 91 individuals’ ownership is worth around 25.9 billion riyals.
Al-Waleed bin Talal dropped behind. Discover 10 key figures in Saudi Arabia’s economy!
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